Key Points
- Major shareholder Robyn Jones Descendants Mark sold 100,000 Goosehead Insurance shares at an average price of $65.31, generating $6.53 million. The shareholder retained 6.77 million shares valued at approximately $442 million and has made several additional sales recently.
- Goosehead shares opened at $66.95, with a market capitalization of $2.38 billion and a price-to-earnings ratio of 48.87. The stock has traded between $33.68 and $90.79 over the past year.
- The company reported quarterly EPS of $0.64, exceeding analyst expectations of $0.47, while revenue rose 20.6% year over year to $95.63 million but fell short of estimates. Analysts maintain a consensus “Hold” rating with an average price target of $68.45.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $66.87, for a total value of $1,503,304.47. Following the completion of the transaction, the insider owned 6,767,661 shares of the company's stock, valued at approximately $452,553,491.07. This represents a 0.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
& Robyn Jones Descendants Mark also recently made the following trade(s):
- On Monday, August 3rd, & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $65.31, for a total value of $6,531,000.00.
- On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.27, for a total value of $166,934.13.
- On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $69.71, for a total value of $8,713,750.00.
- On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.76, for a total value of $390,806.88.
- On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total value of $1,826,711.16.
- On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.77, for a total value of $3,453,919.53.
- On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total value of $2,926,261.36.
Goosehead Insurance Stock Down 2.3%
Shares of GSHD opened at $66.95 on Thursday. The company has a market cap of $2.38 billion, a PE ratio of 48.87, a P/E/G ratio of 2.46 and a beta of 1.38. The business has a fifty day moving average of $48.51 and a 200 day moving average of $48.53. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.79.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its quarterly earnings data on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. During the same period in the previous year, the firm earned $0.49 earnings per share. Goosehead Insurance's quarterly revenue was up 20.6% compared to the same quarter last year. As a group, research analysts anticipate that Goosehead Insurance will post 1.45 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company's stock worth $34,000 after purchasing an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company's stock valued at $47,000 after purchasing an additional 393 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Goosehead Insurance by 484.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company's stock worth $25,000 after buying an additional 426 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Goosehead Insurance during the 4th quarter worth approximately $41,000. Finally, Versant Capital Management Inc raised its stake in shares of Goosehead Insurance by 471.9% during the 2nd quarter. Versant Capital Management Inc now owns 772 shares of the company's stock worth $37,000 after acquiring an additional 637 shares in the last quarter.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Bank of America reduced their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an "underperform" rating on the stock in a research report on Tuesday, April 14th. JPMorgan Chase & Co. boosted their target price on Goosehead Insurance from $55.00 to $60.00 and gave the company a "neutral" rating in a research report on Monday, July 13th. Citizens Jmp cut their target price on Goosehead Insurance from $125.00 to $100.00 and set a "market outperform" rating on the stock in a research note on Monday, April 13th. Cantor Fitzgerald reissued an "overweight" rating and set a $76.00 price target on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Finally, Piper Sandler boosted their price objective on Goosehead Insurance from $52.00 to $72.00 and gave the company an "overweight" rating in a report on Wednesday, July 15th. Seven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Goosehead Insurance currently has a consensus rating of "Hold" and a consensus target price of $68.45.
Get Our Latest Report on GSHD
About Goosehead Insurance
(
Get Free Report)
Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.
Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.
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